Nkusu, Mwanza - International Monetary Fund (IMF) - 2004
This paper demonstrates that the Dutch disease need not materialize in low-income countries that can draw on their idle … productive capacity to satisfy the aid-induced increased demand. Diagnoses on, and prognoses for, the Dutch disease should take … inefficiently can be more painful than real exchange rate appreciations, which may not necessarily embody the Dutch disease. …